On April 19, 2007, the Company announced its intention to voluntarily delist from the Nasdaq Global Select Market and this was effected from May 21, 2007. On April 19, 2007, the Company also announced its intention to file a Form 15F with the SEC to terminate its registration and reporting obligations under the Securities Exchange Act. The Company has maintained its listing in Norway on the Oslo Børs. Accordingly, the Company has chosen to present its financial statements under International Financial Reporting Standards (“IFRS”) for the financial year ending November 30, 2008 and thereafter. As part of its conversion to IFRS, the Company has prepared the preliminary IFRS financial position as at December 1, 2006, the date of transition to IFRS.

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Accounting Policies

Please follow the link to read the Transition to International Financial Reporting Standards document:

Transition to International Financial Reporting Standards

Consolidated Balance Sheets as of May 31, 2007